Glossary
Blind signing
Approving a blockchain transaction whose details your device cannot display in readable form, forcing you to…
AML (anti-money laundering)
The framework of laws and controls requiring firms to detect, prevent, and report attempts to disguise…
KYC (know your customer)
The regulated process by which financial firms verify a customer's identity before providing services, used to…
dApp
A decentralised application whose backend logic runs on a blockchain through smart contracts rather than on…
NFT (non-fungible token)
A unique, non-interchangeable blockchain token, commonly following the ERC-721 standard, used to represent ownership of a…
ERC-20
A widely used Ethereum standard defining a common interface for fungible tokens, so wallets and applications…
Validator
A participant in a proof-of-stake network that stakes collateral to propose and attest blocks, earning rewards…
Node
A computer running blockchain software that stores, validates, and relays transactions and blocks, helping enforce the…
Proof of work
A consensus mechanism where miners expend computational effort to solve a cryptographic puzzle, earning the right…
Proof of stake
A consensus mechanism where validators lock up cryptocurrency as collateral and are chosen to propose and…